Tag Archives: cracking

Google appears to have triumphed again. The new Pixel 7 offers the same the top-flight software, camera and smart AI systems that have made its phones winners, but at a knockdown price that significantly undercuts rivals. Costing £599 ($899/A$1,299) it sits in between the top £849 Pixel 7 Pro and the budget £399 Pixel 6a, competing very favourably on price and specs with rivals from Samsung, Apple and others that are typically in the £700-800 range. The new phone looks like a smaller,… Source link

Lowe’s stock is getting nailed with a downgrade by analysts at Citi on fears that a rapid cooling in the housing market will hammer demand at the home improvement retailer. Citi analyst Steven Zaccone slashed his rating on Lowe’s to neutral from buy on Thursday. “We see risk of a 2Q miss on same-store sales and EPS vs. Street with the potential to cut FY22 guidance given the weak first half results,” Zaccone wrote in a new note to clients. “We believe the buy-side is bracing for a miss and… Source link

(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a record $142 trillion, the Federal Reserve estimates. Just… Source link

Netflix (NFLX) is cracking down on password sharing. In a blog post, the streaming giant revealed it is currently testing an additional charge between $2 to $3 for subscribers who share accounts with people outside of their household. The new pricing model will first be tested in Chile, Costa Rica, and Peru. The company did not give an indication if or when this rollout would happen in the U.S. Netflix “always made it easy for people who live together to share their Netflix account, with… Source link

The explosive growth in passive trading, a fear of missing out, and a blind faith in “celebrity CEOs” have contributed to froth in high growth tech names, according to Harvard lecturer and renowned writer Vikram Mansharamani. Now, the author who made a name spotting market bubbles in his book “Boombustology: Spotting Financial Bubbles Before They Burst,” says another one may be about to pop. “I believe a passive investing bubble has been brewing and may, in fact, have started showing some… Source link

The hands-off regulatory position the U.S. Securities and Exchange Commission (SEC) has long taken when it comes to managing cryptocurrencies appears to be coming to an abrupt end. On Tuesday, Coinbase co-founder and CEO Brian Armstrong went public with the battle he says the SEC has now picked with his company’s proposed lending product. In a long thread on Twitter, Armstrong chronicled his attempts to work with the SEC to explain how the company’s customers would be able to earn interest on… Source link

Short seller Carson Block gained notoriety for exposing the fraudulent accounting practices of U.S.-listed Chinese companies. But the founder of Muddy Waters Capital now believes the days of Chinese companies tapping American capital markets are over. In an interview with Yahoo Finance Live, Block attributed the recent regulatory crackdown on China’s largest firms to an acceptance by Beijing’s leadership that the delisting of its U.S.-listed firms is “inevitable.” “I think Xi Jinping is… Source link

Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal activities of virtual currency” this year and will continue supervising financial platforms operating in the country. Decrypt reports that the… Source link

Google has announced new Play Store policies and guidelines designed to make app listings more succinct, accurate, and less of an eyesore. New guidelines affecting the screenshots and videos meant to demonstrate an app’s features and functionality will come into force in the second half of 2021, while specific details about the enforcement of new policies for app titles, icons, and descriptions are coming “later this year.” The new app metadata policies will ban a variety of tricks… Source link